3i completes $48 mln exits in third quarter

British private equity group 3i completed 29 million pounds ($48 million) of exits in the three months to Dec. 31, taking its total proceeds for the year so far to 557 million pounds, writes Reuters. The owner of women's fashion retailer Hobbs and Tommee Tippee baby bottle maker Mayborn said new investment increased during the third quarter, with 247 million pounds invested compared to just 4 million pounds in same three months in 2012.

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